Senior living market projected at $36 billion by 2050: CREDAI

India’s real estate sector is pivoting toward the senior loving market as the country’s demographic landscape changes rapidly, said developers on the emerging opportunity lying ahead. 

At the recently held MahaCON, CREDAI Maharashtra’s conclave, industry leaders identified senior living as the most significant “blue ocean” opportunity, with the market projected at $36 billion by 2050.

Speaking at the event, Boman Irani, Chairman, CREDAI and CMD of Rustomjee Group said, “The Indian real estate market is evolving rapidly. We have seen tremendous changes in the sector, and we now stand at the cusp of a great opportunity where the industry has already witnessed close to 130% growth over the past decade and is on track to become a ₹10 lakh crore sector in the next 10 years.”

“Senior living is a particularly strong opportunity for Indian realtors, with the senior living market expected to reach $36 billion by 2050,” he said. 

“At the same time, India is starved of quality commercial real estate, and this segment has immense potential, with the overall market expected to grow to $1.43 trillion by 2035,” he added.

He also called for stronger collaboration between the academic world and the real estate industry to drive innovation, improve technology adoption, and contribute effectively to India’s economic growth.

Mr. Irani emphasized the importance of AI and data in transforming Indian real estate. “India now needs a data-driven real estate sector that leverages AI to enable better decision-making, transparency, and efficiency across planning, sales, finance, and customer experience,” he said.

One of the key thought-leadership sessions at MahaCON was “RE Vision 2035,” addressed by industry stalwart Mr. 

Speaking on the long-term vision of India’s real estate sector Satish Magar, Past Chairman, CREDAI, and CMD of Magarpatta Township Development & Construction Company Ltd said, “Travel distance between cities has reduced due to improved transport networks and regional connectivity, thereby opening new doors of opportunity for investment, development, and employment across Maharashtra, beyond the traditional urban hubs.”

According to Amit Kumar, Founder Msmex structured and innovative financing models are now available to support new-age projects in Tier 2 and Tier 3 cities.

“The real estate market has witnessed 269 SME IPOs raising Rs. 12,000 crore in 2025 which is as compared with 246 SME IPOs mobilising ₹9,500 crore in 2024.”